Centrotherm Surges on 300-MW China Solar Order: Frankfurt Mover

Dec. 19 (Bloomberg) -- Centrotherm Photovoltaics AG surged
the most in more than three weeks in Frankfurt as the German
maker of solar equipment won a 300-megawatt order from China.

Centrotherm rose as much as 18 percent, the biggest jump
since Nov. 27. It didn’t value the order from CECEP Solar Energy
Technology Co. for solar-cell production systems next year.

The company’s solar cell and panel manufacturing customers
are under pressure as Europe and the U.S. cut subsidies, adding
to a glut of devices that has already shrunk profit margins.

While the order is a “bright spot on the horizon,” it’s
“not yet a clear sign that the PV production-system market has
recovered,” Hans Autenrieth, the management board member for
sales and marketing at Centrotherm, said in a statement.